Students starting their university accommodation this academic year may graduate with as much as £23,500 of debt, a study has found.
The Push Student Debt Survey revealed the cost of higher education could increase by as much as ten per cent over the coming years, despite the government pledging more money to student support.
Figures show that students in England have the highest levels of debt, averaging £5,271 for each year they are in further education.
On June 25th, the Student Loans Company revealed that at the end of the 2008/09 academic year, there were 2.9 million people who had taken out student loans and 1.8 million were in the position to make repayments.
Compared to the previous year, nine per cent more people had taken out student loans, the figures showed.
Johnny Rich, editor of Push.co.uk, said there are a number of factors which impact the availability of funding to students.
He commented: "Parents’ income may be affected and government funding may be affected which impacts on students.
"Tuition fees are to go up two per cent but loans have not increased, so that is a real decrease."